For former studio executives charting their next course, there’s no hotter market than SPACs, the LA Times reports.
This once-obscure investment vehicle has joined private jets, yachts and Beverly Hills mansions as a Hollywood status symbol.
According to former Techcrunch media columnist Eric Peckham’s SPAC database, there are 26 of these shell companies looking to capitalize on the growing and fragmented industry of digital media, entertainment and gaming. Read more.
